China’s exports saw a strong rebound in November, while imports posted only modest growth. This combination pushed the country’s trade balance to a much larger surplus than expected, according to official data released on Monday.
The trade surplus reached $111.68 billion in November, beating expectations of $100.20 billion and rising sharply from October’s $90.07 billion surplus.
Exports increased 5.9% year-on-year, reversing the 1.1% decline seen in October. The performance also exceeded analysts’ expectations of a 3.8% rise.
Imports, however, rose only 1.9%, falling short of the forecasted 3.0% increase. The weak figure suggested that domestic demand remains under pressure.
Improving global trade conditions and a recent tariff truce with the United States helped bolster China’s export sector, enabling exporters to regain some momentum in overseas markets.
The larger trade surplus offers short-term support for China’s economic outlook. Still, the slow pace of import growth continues to highlight challenges in consumer spending and business investment.
